Stock Movers Trump Media Surges on TAE Merger; Micron Rallies; Accenture Beats
Dec 18, 2025
Shares of Trump Media surged following a $6 billion merger with clean fusion energy firm TAE Technologies. Micron's stock rallied as the company projected a robust revenue increase driven by demand and supply challenges in memory chips. Accenture reported earnings exceeding analyst expectations, highlighting its partnership with OpenAI to navigate consulting hurdles. Plus, Elliott Management's $1 billion stake in Lululemon raises eyebrows over potential leadership shifts to combat declining sales.
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Unlikely Fusion Of Social Media And Fusion Power
- Trump Media agreed to merge with fusion company TAE Technologies in an all-stock deal valued at about $6 billion.
- The transaction pairs Truth Social's balance sheet and political connections with TAE's fusion ambitions, suggesting strategic financing rather than product synergies.
Cash And Connections Power The Deal
- Truth Social will provide up to $300 million in cash to help develop TAE's fusion technology.
- Dan Curtis highlights political ties on the Trump Media board that could bring influence to the fusion effort.
Micron's AI-Driven Memory Boom
- Micron reported upbeat guidance with fiscal Q2 revenue of $18.3–$19.1 billion, well above estimates.
- Heavy AI-driven memory demand and supply tightness gave Micron strong pricing power, lifting other memory makers too.